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Banking Act 2009
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Changes to legislation:
Banking Act 2009, Section 242 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Section 242:
- s. 4(8A) (8B) inserted by 2012 c. 21 s. 96(3)
- s. 8(2)(d) and word inserted by 2012 c. 21 s. 96(4)(b)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 4(8A) (8B) inserted by 2012 c. 21 s. 96(3)
- s. 8(2)(d) and word inserted by 2012 c. 21 s. 96(4)(b)
242QuorumU.K.
This section has no associated Explanatory Notes
(1)The Bank of England Act 1998 is amended as follows.
(2)In section 3 (functions delegated to sub-committee)—
(a)omit subsection (3),
(b)in subsection (7) for “(3)” substitute “ (4) ”, and
(c)at the end of subsection (7) add “ (including quorum) ”.
(3)In paragraph 13 of Schedule 1 (court of directors: proceedings)—
(a)omit sub-paragraph (2),
(b)in sub-paragraph (6) for “(2)” substitute “ (3) ”, and
(c)at the end of sub-paragraph (6) add “ (including quorum) ”.
Commencement Information
I1S. 242 in force at 1.6.2009 by S.I. 2009/1296, art. 2, Sch. para. 5
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